U.S. credit card delinquency rates are nearing a six-year low, according to latest Credit Card Index results from Fitch Ratings.

"U.S. consumer credit quality has improved rapidly since the beginning of the year and delinquency trends bode well for further gains,’ Managing Director Michael  Dean said. "We’re at a point now, however, where seasonal factors will likely temper the pace of further collateral improvements for credit card ABS."

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